Insurance Planning and Wealth Management Innovation (IPWMI) Award

Objectives

Enhance the public awareness of the insurance planning/wealth management development and the importance of insurance planning and wealth management;
Promote the standards of conduct and best practices for the insurance planning and wealth management professionals;
Enhance the competitive edge of the financial professionals in the insurance planning and wealth management sector;
Recognize and promote innovation in “Fintech” and “Insurtech” to support Hong Kong’s development in the areas of smart city;
Support Hong Kong as the financial center of the region and the world.

Streams and Awards

Distinguished Insurance Planning Professional (DIPP) Award
Distinguished Wealth Management Professional (DWMP) Award
Young Talent (YT) Award

Award Categories	Insurance Planning / Wealth Management	Youth Talent
Gold	1 winner per Stream	1 winning group
Silver	3 winners per Stream	1 winning group
Bronze	6 winners per Stream	1 winning group
Merit	To be confirmed	To be confirmed
Best Presentation	1 winner per Stream	N/A
Best Proposal	1 winner per Stream	N/A
Best Innovation	1 winner per Stream	N/A
Best Performing Company	1 winning Company	N/A

Target Participants

Insurance Planning: Distinguished Insurance Planning Professional (DIPP) Award

Financial Services Practitioners with experience in General Insurance for Commercial Client(s):

Incorporates standard insurance policies, such as property and casualty insurance; or
Specializes in particular or multi-segments of the insurance market where she/he tends to be expert (i.e. workers' compensation (employers liability), public liability, product liability, commercial fleet)

Wealth Management: Distinguished Wealth Management Professional (DWMP) Award

Financial Services Practitioners with experience in Financial Planning and Investment Management:

Incorporate protection planning (individuals), investment management, education planning, estate and succession planning, taxation, and retirement planning
Participates ongoing process of meeting clients’ life goals through the proper management with her/his financial knowledge and skills.

Youth Talent: Young Talent (YT) Award

University, Institution or College Students

Full-time students who are currently studying degree programs.
Participants from ALL different majors and disciplines are welcome

Values/ Benefits

The awards are recognitions of the Professionalism, Competence and Excellence of the awardees and their institutions/universities.

Assessment Process

Two Rounds Assessment

Round 1 : Writing Plan Submission

Requirements

Submit a customer’s GENUINE written plan based on the assessment criteria;
The written plan must be endorsed by candidate’s employer before submission;
All personal particulars and information of the customer must NOT be disclosed throughout the award.

Assessment Criteria

Core Criteria

Identification of Client’s Current Financial Situation and Protection NEEDS based on ARTUS (Accurate, Relevant, Truth, Updated and Suitable);
Ongoing Management and Review of Insurance Protection Coverage;
Innovation application and integration of new proven Fintech and Insurtech.

Stream Criteria

Insurance Planning

Measurement of risks and Challenges faced by the client
Suggestion of TOTAL Solutions for Risk Mitigation

Wealth Management / Young Talent

Analysis and Assessment of Financial Status
Determination of Financial Gaps
Development of Wealth Management Solutions and Recommendations

Top 10 of Round 1 Winners

Round 2 : Video Presentation

Stream	Methodology
Insurance Planning	Part I Standard Presentation Part II Questions & Answers
Wealth Management
Youth Talent

Assessment Criteria

Rapport Building
Effective Presentation & Communication Skills
Attitude and Customer – Focused
Demonstration of the Financial Knowledge and Competence and/or Product Knowledge in "General Insurance" and "Wealth Management"

Timelines

7 SEP 2019

Award Kick Off Ceremony
9 NOV 2019

Information Session
10 JAN 2020

Enrollment Deadline
31 MAR 2020

Round 1 – Written Plan Submission Deadline
30 APR 2020

Round 1 – Result Announcement
30 MAY -
12 JUNE 2020

Round 2 – Presentation
JUL 2020 (TBC)

Round 2 – Result Announcement
SEP 2020 (TBC)

Presentation Ceremony & Dinner

*Dates are tentative and are subject to changes by the organizers.

Judging Panel

Chairperson

Mr. Esmond LEE

CEO,

Hong Kong Branch, Euroclear Bank

List of Judging Members*

Member

Mr. Alex CHAN

Director, Business Development,

Prudential Hong Kong Limited
Member

Dr. Y.C. CHAN

ex-MBA Program Director,

City University of Hong Kong
Member

Mr. Roy CHOY

Regional Manager,

Prudential Hong Kong Limited
Member

Mrs. Claudia HODGES

Distribution Training Director,

AXA China Region Insurance Company Limited
Member

Mr. Raymond HUNG

Senior Lecturer,

Guangdong University of Finance and Economics
Member

Dr. Philip C.K. KWOK, SBS, JP

ex-Chairman,

Wing On Insurance Group
Member

Mr. Raymond LAU

Head of Sales, Agency and Retail Distribution,

Sun Life Hong Kong Limited
Member

Mr. Peter LIU

Senior Advisor,

Hong Kong Society of Wealth Management
Member

Ms. Yvonne LO

Senior District Director,

Manulife (International) Limited
Member

Mr. Andy LUI

Director, Wealth Management,

Prudential Hong Kong Limited
Member

Mr. Alvin MA

Principal Consultant,

Hong Kong Society of Wealth Management
Member

Ms. Cindy MAK

Director, Marketing and Sales Support,

Prudential Hong Kong Limited
Member

Mr. Calvin NG

Deputy General Manager

CTgoodjobs
Member

Mr. Kenny SIU

Regional Director, Hong Kong & Asia Pacific,

The Chartered Insurance Institute Hong Kong Limited
Member

Ms. Dionne SO

Chief Talent Officer,

FTLife Insurance Company Limited
Member

Dr. Teresa SO

Chairman, International Association of Registered Financial Consultants (IARFC), Hong Kong and Macau Centre

Senior District Director, AIA International Limited
Member

Prof. Tao SUN

Assistant Professor, Department of Finance and Insurance,

Lingnan University
Member

Mr. Tennant TANG

Head of Training & Development,

FWD Life Insurance Company (Bermuda) Limited
Member

Dr. Edward TSUI

Executive Director,

Academy of Insurance (Hong Kong) Limited
Member

Mr. Jeff WONG

Chief Agency Officer, Hong Kong & Macau,

FWD Life Insurance Company (Bermuda) Limited
Member

Mr. Stephen Kai-yi WONG

Former Privacy Commissioner for Personal Data,

Hong Kong
Member

Mr. Wilson WONG

General Manager,

CTgoodjobs
Member

Mr. Terence YANG

General Manager, Sales & Marketing,

Kowloon Development Company Limited
Member

Mr. Samson YIM

Senior Advisor,

Hong Kong Society of Wealth Management